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ChipMOS abandons sale of 25% stake to Tsinghua Unigroup

Taiwanese chip assembler still seeks partnership with Chinese conglomerate

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The headquarters of ChipMOS Technologies is seen in Hsinchu county, northern Taiwan,   © Reuters

TAIPEI -- Chip assembler ChipMOS Technologies said on Wednesday that it had terminated plans to sell a 25% stake to Beijing-backed tech conglomerate Tsinghua Unigroup after months of deliberation by the administration of pro-independence President Tsai Ing-wen failed to move the approval process forward.

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